17th May 2022 17:03
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Van Elle Holdings PLC - Nottinghamshire, England-based ground engineering and geotechnical contractor - Due to elevated levels of demand in core markets, for the year ended April 30, Van Elle expects results ahead of the recently upgraded forecasts. Revenue is set to be around GBP125 million, a 48% rise from GBP84.4 million the year before. Operating profit is expected to be slightly ahead of market expectations. Order book as at April 30 was GBP39.0 million, compared to GBP39.1 million at the end of December.
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Equals Group PLC - London-based payments services for small and medium enterprises - For the 91 days ended May 15, revenue rises 86% to GBP22.0 million from GBP11.9 million the same period a year prior. On-payroll headcount rises to 265 as at May 15 from 255 at the end of December. For the year ending 2022, adjusted earnings before interest, tax, depreciation and amortisation is set to be ahead of market expectations.
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Accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Reports continued momentum in 2022 to date from 2021, leading to excitement from the company on the future of its business.
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Baillie Gifford European Growth Trust PLC - aims for capital growth over long term from European securities - For the six months ended March 31, net asset value total return was 27.0%, outperforming the FTSE Europe ex UK index, which returns 16%. As at March 31, net asset value per share drops over the period to 116.0 pence from 154.5p at the end of September.
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Eckoh PLC - London-based secure payment and customer contact products - For the year ended March 31, revenue will be in line with consensus market expectations, which is at GBP32.2 million, while operating profit is set to be 5% ahead of consensus, which stands at GBP4.9 million. Eckoh notes the UK business returning to growth, as transactional volumes return to pre-pandemic levels, while progress is ongoing in its US Secure Payments operation. Looking ahead, Eckoh expects revenue and profit for its 2023 financial year to grow further.
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Mears Group PLC - Brockworth, England-based housing and social care provider - Posts strong trading for the first four months of 2022, through revenue growth in the company's Management-led activities and improved operating margins. In addition, Chief Operating Officer Lucas Critchley is to work alongside current CEO David Miles and replace him, as Miles indicates intent to retire from role.
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FRP Advisory Group PLC - London-based corporate finance, restructuring and debt adviser - For the year ended April 30, expects adjusted Ebitda to rise 12% to GBP25.7 million from GBP23 million, and revenue to grow 21% to GBP95.2 million from GBP79 million, both figures being ahead of current market consensus. Due to strong trading performance and balance sheet, intends to propose a final dividend.
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Tremor International Ltd - San Francisco, California-based digital advertising company - For the three months ended March 31, adjusted Ebitda increases 22% to USD33.6 million from USD27.5 million the same period a year before, on revenue ex-TAC which grows 14% year-on-year to USD80.9 million from USD71.0 million. For the second quarter, expects adjusted Ebitda to be around USD40 million, and revenue to come between USD75 million and USD80.0 million.
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Velocys PLC - Oxford-based sustainable fuel technology company - For 2021, pretax loss narrows to GBP9.5 million from GBP9.6 million the year before, on revenue which leaps to GBP8.3 million from GBP178,000, mainly through sales of reactors and catalyst, as well as licencing fees earned from the company's first major commercial client contract which started in 2017.
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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company - For the first quarter of 2022, net crude oil sales before royalties reaches average of 1,114 barrels per day, compared to 1,094 barrels in the fourth quarter of 2021. Total net average oil output dips quarter-on-quarter to 1,591 barrels per day from 1,600 barrels. Petroleum sales increases to USD7.1 million from USD5.8 million.
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Crossword Cybersecurity PLC - London-based cyber security and risk-focused technology commercialisation company - Company makes strong start to 2022, with roll out of Rizikon ongoing, with the company aiming to have 1,000 Rizikon users by the end of 2022. Looking ahead, for 2022 expects to deliver company and market expectations of 75% revenue growth.
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Yooma Wellness Inc - Toronto, Canada-based CBD and cannabis-related wellness products maker - For 2021, posts net loss of USD33.1 million, widening from USD2.3 million the year before, due to a USD19.7 million charge on the impairment of goodwill, and a leap in cost of sales. This more than offsets a jump in revenue to USD10.2 million from USD42,765 in 2020.
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By Dayo Laniyan; [email protected]
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